Iran: Total and NIOC sign contract for the development of phase 11 of the giant South Pars gas field

07/04/2017 - Press release

Iran: Total and NIOC sign contract for the development of phase 11 of the giant South Pars gas field

Extract from the press release.

Paris, July 3, 2017 – Total and the National Iranian Oil Company (NIOC) have signed a contract for the development and production of phase 11 of South Pars (SP11), the world's largest gas field. The project will have a production capacity of 2 billion cubic feet per day or 400,000 barrels of oil equivalent per day including condensate. The produced gas will supply the Iranian domestic market starting in 2021.